Thunder Forex review and test – Scam or not?

Thunder Forex is a new and uprising forex broker with international clients. How good is the service and conditions for traders? We tested that trading platform and present you with the results in the following Thunder Forex review. Learn all about spreads, fees, deposits, and withdrawals. Should you really invest money with this broker? – Find out.

Thunder Forex Website

Thunder Forex Website

Thunder Forex trading platform

Thunder Forex trading platform

Thunder Forex support

Thunder Forex support

Thunder Forex account types

Thunder Forex account types

Thunder Forex logo
Review:5 out of 5 stars (5 / 5)
Regulation:FSA (Seychelles)
Demo account: ✔ Free
Minimum deposit:$/€/£ 100
Assets:200+ Forex, CFD, Crypto, Commodities, Indices
Spreads & commission: From 0.0 pips and $ 3.5 commission
Suppport:24/5 phone, chat, email
Platform: MetaTrader 4

(Risk warning: You can lose your capital)

What is Thunder Forex? – The broker presented

Thunder Forex is a new forex and CFD broker who offers more than 200 markets to trade with leverage. The company was founded in 2020 and is based in Seychelles with the address CT House, Office 8E, Providence, Mahe, Seychelles. The company registration number is 8427682-1. On the website https://www.thunderforex.com/ there is not so much information about the history and company because it is a very new trading platform.

The broker offers international clients to invest in forex, stocks, commodities, indices, and some more assets. We did detailed research about the company and also found out that this broker is using different web-server and trading-server locations. You will get a very fast execution of trades and a small latency. Generally, all strategies and trading methods are allowed with Thunder Forex. In addition, the broker accepts customers from nearly all countries except the USA. Overall, it seems like a reliable broker but there is not so much information because it is a new one.

Facts about the company: 

  • Founded in 2020
  • Accepts international clients except for the USA
  • Offers high leverage trading
  • Registration number 8427682-1
  • Fast web- and trading-servers

Regulation and safety for clients at Thunder Forex

If you are registering with an online broker first you should check if the broker is regulated. There are many black sheep in this industry with fake and scam websites. We do not recommend to trade with an unregulated trading platform. So, is Thunder Forex regulated or not?

Thunder Forex FSA regulator

Thunder Forex FSA regulator

Thunder Forex is regulated by the Financial Service Authority of Seychelles. It holds a Securities Dealer Licence (SDL 067). The registration number of the company is 8427682-1. The FSA of Seychelles is a reliable and secure regulation authority. Only proven companies can get a license there. If the broker is a scam the license would be withdrawn immediately.

Furthermore, the website supports SSL encryption which can be seen if you type in the URL in our browser by the HTTPS. The funds are safe with Thunder Forex. Separate European bank accounts are used to manage the client’s money. Also, the broker only offers regulated payment methods such as skrill, credit cards, or bank wire. All in all, we can say that Thunder Forex is a secure online broker. We detected during our test with real money that it is not a scam.

Facts about the security of Thunder Forex:

  • Regulated by the FSA
  • SSL secure website
  • Separate bank accounts
  • High-security payments
  • Audited by external auditors

Thunder Forex trading conditions – What is the offer for clients?

Thunder Forex offers trading with CFDs (contract for difference) and forex contracts on the platform MetaTrader 4. These contracts are highly leveraged up to 1:400 but you can choose in your account settings how high the maximum lever should be. For example, you want to trade the EUR/USD with a contract size of 100.000€ (1 lot) and you use the leverage of 1:100. You will need only a margin of 1.000€ for this position.

You can trade the following assets with Thunder Forex: 

  • Forex (currencies)
  • Cryptocurrencies
  • Stocks
  • Indices
  • Commodities
  • Metals

See the table of example spreads: 

Asset: Spread from:
EUR/USD:0.0 pips
GBP/USD:0.2 pips
USD/JPY:0.1 pips
GOLD:0.1 points
OIL:0.2 points
S&P500:0.05 poins
Dow Jones: 1 point

The commission is around $3.50 per trade 1 lot and is depending on the traded asset. For example, there are assets with and without commissions. For more details, you have to take a look at the trading platform or brokers’ homepage. Traders can apply for a real money account with a minimum deposit of $100 or use the free demo account to test the broker.

Thunder Forex is a fully ECN Broker with high liquidity and big liquidity providers. The execution is very fast and you have a fast connection. There are different trading-servers around the world where the broker is hosted.

For each client, there is 24/5 support via phone, chat, and email in different languages. Also, we did not found any hidden fees and costs. The deposit and withdrawal are free of charge. Also, there are no inactivity fees. In conclusion, we can say that the trading conditions are very good with this broker. The fees are much lower than other brokers.

Facts about the trading conditions: 

  • Leverage up to 1:400
  • Trade forex, CFD, cryptocurrencies, stocks, commodities, metals, and more
  • Free demo account
  • Minimum deposit $100
  • Spreads from 0.0 pips
  • Commissions $3.5 per traded 1 lot
  • Support 24/5 in different languages
  • MetaTrader 4 platform

(Risk warning: You can lose your capital)

Test of the Thunder Forex Trading Platform

Thunder Forex offers the platform MetaTrader 4 at the moment. This software is quite popular and used by many other brokers in the finance sector. The platform is available as:

  • MetaTrader 4 for desktop (download)
  • MetaTrader 4 app for mobile devices
  • MetaTrader 4 web for browsers

After your registration with Thunder Forex, you can apply for a MetaTrader 4 account in the customer dashboard. We recommend using your computer for trading with the MetaTrader because you will get a better overview of the charts. But the app is also comfortable and offers all the functions which you can use in the desktop version. For your advantage, you will only need one account for using the MetaTrader 4 on your desktop, web, or mobile device.

Thunder Forex trading platform

Thunder Forex trading platform

MetaTrader 4 is a universal trading platform that supports also automated trading, social trading, and a lot of different indicators. You can add tools and programs to this platform for free. On the first look, you may say that MetaTrader 4 is difficult to use but if you try it out for some days you will understand very fast how it works. On the internet, you will find a lot of tutorials or you ask the team of Thunder Forex if they can help you to install and use the MetaTrader 4.

Custom charts and indicators are supported. You can customize the tools like you want. This platform is perfect for a professional technical analysis. Overall, MetaTrader 4 is one of the best platforms for online trading. Many traders use this platform daily. You will get all tools which you need for successful trading.

Advantages of MetaTrader 4:

  • Available for any device
  • Free indicators
  • Charting tools
  • Multi-charting
  • Support automated trading
  • Customizable tools
  • Add new tools for free
  • One-click trading
  • Professional portfolio management

How to trade with Thunder Forex

If you are doing your first trade it is maybe a little bit difficult for you. So we want to explain how it works. First of all, you have to choose the asset you want to trade. Generate a trading idea for your trading position. You should make a forecast of the market movement with a target and a possible stop loss.

You can manage the risk by using a stop loss and take profit. These are automated limits that are closing your position. It is important to find the right position size depending on your trading account balance and trading strategy. One volume (1 lot) equals the amount of 100.000 units of the base currency in forex trading. For more details of the position size, you should have a look at the broker’s website.

Thunder Forex order mask

Thunder Forex order mask

In forex and CFD trading it is possible to invest in rising (buy) and falling markets (sell).

There are different types of orders you can use: 

  • Market Execution: Buy or sell directly
  • Sell/Buy Limit: Buy or sell on other price levels automated (reverse trading)
  • Sell/Buy Stop: Buy or sell on other price levels automated (breakout trading)

Trading is not easy and you should have a trading strategy for opening your positions in the market. Without a plan, you will fail directly and it is like gambling in the casino.

How to trade with Thunder Forex:

  1. Choose the asset you want to trade
  2. Generate a trading idea for deciding if you want to buy or sell
  3. Choose the order type
  4. Choose the order volume
  5. Set up the stop loss and take profit
  6. Open the trading positions

As mentioned before, one-click trading is also possible with the software MetaTrader 4. There are different options to open your trade.

Free demo account by Thunder Forex

Every trader can apply for a free demo account. This is an account with virtual money. You can test the platform and trading conditions for free without any risk. It simulates real-money trading. We recommend using this account before you make your first deposit with Thunder Forex. Especially beginners should use the demo account for practice trading but also advanced traders can use this account for developing new strategies and test new markets.

The demo account can be filled up with $10,000 virtual money or even more. If you want to reset the balance you can do it in the account dashboard or by creating a new demo account.

How to open your trading account:

The account opening is simple like with most other brokers. In less than 5 minutes you can create a trading account. Thunder Forex support individual and company accounts. Type in your name, email address, password, and phone number. It is important to use the right information because the broker needs to verify your identity.

Thunder Forex account opening

Thunder Forex account opening

Thunder Forex is a regulated broker and has to verify your identity. You only can start trading with real money if your account is fully approved. Upload an identity document and proof of your current address in the customer dashboard. The team of Thunder Forex will reply to you fast and approve your trading account.

Are there different account types?

Thunder Forex offers only 2 account types at the moment:

  • Demo account
  • Live trading account

The conditions are the following:

Trading platform: MetaTrader 4
Commissions: $3.5 per 1 lot traded
Spreads: From 0.0 pips
Minimum deposit: $100
Leverage: Maximum 1:400
Server: London
Currency pairs: 64
Stop-out level: 50%

(Risk warning: You can lose your capital)

Thunder Forex review of deposits and withdrawals

As we discussed before, the minimum deposit is $100 with Thunder Forex. You can use different methods for deposits and withdrawals. There are no fees or hidden fees if you want to transfer the money. The funds are stored in European banks with high security.

Thunder Forex payment methods

Thunder Forex payment methods

Deposits with electronic methods are instant and the money is credited to your trading account directly. For bank wire, it can take up to 5 working days. From our experience, the withdrawals are very fast. It can take up to 1 – 3 days but most of the time the withdrawal is accepted on the same working day.

Facts about the payments of Thunder Forex: 

  • Use credit cards, debit cards, wire transfer, skrill, neteller
  • No deposit fees
  • No withdrawal fees
  • No hidden fees
  • Instant deposits
  • Withdrawals in 1 – 3 days (very fast)
  • Minimum deposit of $100 only

Support and Service:

Thunder Forex offers multi-language support via chat, phone, and e-mail. The support works 24 hours per working day (week). We tested the support and the team of Thunder Forex answered fast our questions. It seems like reliable support.

But there are no additional training resources or education material for traders. The broker is very new, maybe in the future, they will add an education section.

The support offers also 1 to 1 training. If you need help to install the software or open your first trade you can ask the support team for help. They will show you what you have to do and explain it quickly.

The support data you see in the table below:

Support:
Phone:
E-Mail:
Live-Chat:
24/5
+44 2030263698
Yes

Conclusion of the Thunder Forex review: New and professional online broker

On this site, we showed you the main facts and experiences of Thunder Forex. It is a new forex and CFD broker for international clients. Traders can use high leverage to open positions. This is an advantage for all European customers because European brokers can not offer such high leverage to retail-traders.

The trading conditions with Thunder Forex are very good and professional. There are low trading fees and commissions. In addition, MetaTrader 4 is offered and supported by the broker. It is a reliable platform for trading and analysis.

Deposits and withdrawals are working fast without any additional fees. For questions, you can ask the support team which is also reliable. All in all, we give Thunder Forex a good rating. 

Thunder Forex is a trusted broker

Advantages of Thunder Forex: 

  • Regulated and secured broker
  • High leverage of every client
  • Spreads from 0.0 pips
  • Low commissions
  • Free demo account
  • A low minimum deposit of $100
  • MetaTrader 4 platform
  • Reliable support

Thunder Forex is a reliable offshore broker for trading forex and CFDs. The conditions are very good and it is a secure platform. 5 out of 5 stars (5 / 5)

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(Risk warning: You can lose your capital)